Rivian Automotive Plans To Construct Wind Turbine At Illinois Campus

  • Rivian Automotive Inc RIVN plans to establish a large-scale wind turbine at its Normal manufacturing campus in Illinois.
  • The automaker expects to generate clean energy to enable new R1 vehicles to be powered by renewables for their first charge.
  • Rivian installed a 783-kilowatt solar canopy in early 2022, which is scheduled to begin generating electricity later in summer.
  • The turbine is designed for a capacity of at least 2.8 megawatts and to be capable of generating nearly 10 million kilowatt-hours of electricity a year.
  • To construct the turbine, Rivian is partnering with Apex Clean Energy, a Virginia-based renewable energy development company.
  • Price Action: RIVN shares are trading higher by 1.99% at $26.94 on the last check Friday.

Posted In: BriefsNewsGeneral

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.